Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 31 to 60 $ 56,000 Accounts receivable Percent uncollectible Required: Total $ 670,000 0 $ 416,000 3% X 1 to 30 $ 110,000 4% Open Excel in new tab 7% 61 to 90 $ 38,000 9% a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Over 90 $ 50,000 12% b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2,100 debit. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.

Daley Company prepared the following aging of recetvables analysls at December 31. a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts tecelvable. b. Prepare the adjusting entry to record bad debts expense vising the estimate from part a Assume the unacjusted batance in the Allowance for Doubtiul Accounts is a $5.600 ciedit. c. Prepare the odjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtiul Accounts is a $2,100 debit. Navigation: 1. Use the Open Exeel in New Tob button to launch this question. 2. When finished in Excel, use the Sove and Return to Assignment button in the lower right to return to Connect